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Norway-based Yara has signed a binding agreement with ACME Cleantech for the supply of 1 lakh tonne of green ammonia annually from ACME's plant in Oman through GHC SAOC. The long-term offtake agreement covers the supply of 1,00,000 tonne of renewable ammonia per annum by ACME from phase-1 of its Oman project with an expected start date in 2027.
ACME Cleantech: ACME, established in 2003 by Manoj Kumar Upadhyay, is the largest solar independent power producer in India with a diversified portfolio of 5.5 GW spread across 12 states and with a mix of central and state utilities. Its portfolio of operational solar power projects has grown to 2.9 GW from 15 MW in 2011. The rest of the 2.6 GW is under different phases of development.
The bidding was on the least incentive demanded over three years through a competitive selection process by the Solar Energy Corporation of India. The financial bids were opened on Tuesday.
Fourteen companies, including major players like Reliance Industries and JSW Energy, vie for incentives under India's Green Hydrogen
A total of 34 companies have submitted bids for projects to be developed under the Government of India’s Green Hydrogen Mission.